720 E Locust StNess CityKS67560
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Ness City at 720 E Locust St, Ness City, KS, 67560 earns $118/mo cash flow from $783/mo rent with a $489/mo payment. Total monthly income totals $783/mo, and annual cash flow totals $1,418/yr on $33,150 capital. ROI tracks 24.19% on current figures, and rental yield reads 9.4% at a $100,000 purchase. Equity gained on principal adds $645/yr, and 5% annual appreciation supports $27,628 over five years. Five-year ROI reaches 126.53% and total cumulative return in cash sums $41,944. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $783/mo property income instead of your personal income.
Manufactured
Built in 1981
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67560, Ness City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 859 (100%) |
| Owner Occupied HU | 571 (66.5%) |
| Renter Occupied HU | 147 (17.1%) |
| Vacant Housing Units | 141 (16.4%) |
| Median Home Value | $114,509 |
| Average Home Value | $159,046 |
Housing Distribution
Address Breakdown
Residential
667
Single Family
637
Multi-Family
30
Businesses
122
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